Well crunch time is coming for the options. While clearly there will be a lot of options not exercised given where the TLG share price is (or perhaps has been pushed), the bigger question hangs over the top 4 options holders as to their "intentions".
As at the 18 Oct 18 list (on the TLG website), Smedvig & their friends Pelmer held 13.4m & 1.1m respectively (together over 33%). Mark Thompson himself held 3.6m (8.1%) and JP Morgan held 7.2m (16.5%). So overall, those 4 held 58% of the outstanding options at 18 Oct, worth over $11m IF exercised.
You wouldn't be hanging your hat on JP Morgan & their clients, and $1.6m is a lot for MT to commit to as an individual.
So that leaves Smedvig & Pelmer to "support" Talga by increasing their holdings at 45c - or not. Smedvig certainly could not acquire 13.4m TLG shares at 45c on market easily, so we'll see how committed they are to TLG (remembering they received the options for free).
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Ann: Appendix 3B - exercise of options, page-2
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Last
43.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $163.4M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 11628 | 43.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
43.0¢ | 35761 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 11628 | 0.430 |
2 | 10850 | 0.425 |
1 | 5850 | 0.420 |
2 | 8350 | 0.415 |
2 | 6154 | 0.410 |
Price($) | Vol. | No. |
---|---|---|
0.430 | 35761 | 1 |
0.435 | 3500 | 1 |
0.440 | 21500 | 2 |
0.445 | 64773 | 1 |
0.450 | 42000 | 2 |
Last trade - 09.39am 02/08/2024 (20 minute delay) ? |
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TLG (ASX) Chart |
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